Independent Banker - July 2021 - 46

ICBA's
Founder and CEO
Erik Beguin and a
partner launched
Austin Capital Bank
in 2006.
COMMERCIAL
Showing community
banking's true colors
may license to other banks in the future,
allows Austin Capital Bank to off er
fi nancial services securely online.
Despite saying he's not a banker,
Beguin has served on various bank
advisory boards, such as the Federal
Reserve's Community Depository
Institutions Advisory Council and
the CFPB's Community Bank
Advisory Council.
" I'm passionate about the
community bank model, " he says.
" The reason I started the bank is
that a community bank is one of
the only entities that multiplies the
wealth in the community it serves. "
Rank Bank Name
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Consumer and mortgage: More than $1 billion
City
Gateway First Bank
Northpointe Bank
MidFirst Bank
Metro City Bank
1st Security Bank of Washington
Bluestone Bank
Martha's Vineyard Savings Bank
Leader Bank, National Association
Plains Commerce Bank
First Savings Bank
Cornerstone Bank
Southern First Bank
BNC National Bank
Evergreen Bank Group
Meridian Bank
The Lyons National Bank
Blue Ridge Bank, National Association
First Premier Bank
Think Mutual Bank
Chelsea Groton Bank
Cherokee
Grand Rapids
Oklahoma City
Doraville
State
OK
MI
OK
GA
Mountlake Terrace WA
Raynham
Edgartown
Arlington
Hoven
Jeff ersonville
Southbridge
Greenville
Glendale
Oak Brook
Malvern
Geneva
Luray
Sioux Falls
Rochester
Norwich
MA
MA
MA
SD
IN
MA
SC
AZ
IL
PA
NY
VA
SD
MN
CT
96.88
96.51
94.59
92.01
91.73
91.27
90.52
89.73
89.21
89.07
88.74
88.52
87.75
87.43
87.30
87.26
86.77
86.70
86.55
OVID-19 challenged
community banks, but when
they rose to that challenge, they
showed why their model is diff erent.
Wendy Ross, president of Bank of
San Francisco, says the pandemic
showed the positive diff erence a
Consumer Lender Score
97.19
community bank can make.
" We felt we owed it to our clients
and the community to be as active
in the PPP [Paycheck Protection
Program] as possible, " Ross says.
" For several weeks, we took no
weekends off , and I was getting
emails at 2 or 3 in the morning.
I think that intense period really
brought home the meaning of
community banking. "
That eff ort by Ross and other Bank
of San Francisco staff powered the
bank to " an extraordinary level of
growth " last year, Ross says. Among
the clients served by the community
bank's PPP lending was a restaurant
owner who had failed to get a PPP
loan from her-now former-much
larger bank, Ross says.
" We found that a lot of the larger
banks were slower than we were
getting themselves ready to do
these PPP loans, " she says. " In the
fi rst round of lending in March, the
funding ran out and there was this
Bank of San Francisco
San Francisco
Asset size: $726 million
Commercial lender score: 94.61
Rank in category: 8
46 Q ICBA Independent Banker Q July 2021
Photo by Dennis Burnett
Independent Banker - July 2021

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